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Silver Poised For A Mega MoveAt the time of publishing this research report, Gold is trading at $1488 and silver is at $17.50. Gold dropped more than 1% on Friday which makes the prices plunged from $1510 to $1480($30 move). The Donald J.trump tweet on Friday had a significant impact on the market in which he showed optimism ahead of his meeting with Chinese Vice Premier Liu He at the White House on Friday afternoon. Please, note-Our Trading position for gold and silver is active in our portfolio. Trump tweeted: “Good things are happening at China Trade Talk Meeting. Warmer feelings than in the recent past, more like the Old Days. I will be meeting with the Vice Premier today. All would like to see something significant happen!” The announcement of a possible partial trade deal between the U.S. and China boosted investors' risk appetite which drove the stock market higher and pressured precious metals complex. The Interest rate cuts has played a major role in the steep incline which we have witnessed in the precious metals complex however right now markets are pricing in a lesser chance of a rate cut in October, with the latest estimates from the CME FedWatch Tool projecting a 67% chance of a cut versus the 87% chance just a couple of days ago. Old comments-You need to keep in mind that at the moment it seems that markets have gotten ahead of themselves and pricing in a more than 80% chance of looser U.S. monetary policy however if the fed won't cut rates or even if easing will get delayed then it will turn to be negative for the entire precious metals space. Britain and the EU have fixed there next meeting on the Brexit deal which also helped to boost investors' risk appetite and brought positivity back into the market. Old comments-Technical levels to watch out for, Advises and recommendation from Goldsilveranalyst Although we understand all the factors mentioned which are supporting the price of Gold are still there including continuous fall in yields, geopolitical risks, fears of the industrial economy and notions of Quantitative easing coming from the major central banks of the world but despite the bullish momentum which we are witnessing,we have doubts about the sustainability of Gold's surge. Prices moved up substantially, and even though gold prices can reach $1585, we believe investors should lock in some profit at these levels. Gold has had a great run over the last year, up 17%. It has been a perfect storm of sorts for Gold , especially on the interest-rate front. With long-term interest rates declining globally, Gold has been an attractive alternative to debt," Gold is an excellent alternative to any risk, including economic instability and geopolitical tensions. However, at these levels, Gold is just too expensive. The two metals we recommend considering right now are platinum and silver . Both are historically quite cheap versus Gold , and in our opinion, may offer more upside potential should gold keep grinding higher,". "The price of platinum has mostly traded above the price of Gold , but that is not the case today. For those looking for an alternative to Gold , we recommend consideration of platinum and silver ," Summary-our macro research report suggests that the room for the equity market and the DXY to move higher from the level they are currently at- still exist,investors needs to be aware and cautioned what media is portraying and should research the market on there own,or should take the advise by the seasoned analysts however there shouldn't be any conflict of interest involved with in the advise itself. Even though the possibility for the equity market to grow even higher still exist we recommend investors to stay away from the stock indices as the reward doesn't worth the risk in itself. Our independent bias towards the precious metals complex remains bearish until gold breaks above $1,525 an ounce as breaking above would support more investors and traders to long gold with heavy conviction. Until that happens our bearish conviction will remain within the precious metal sector. Data to watch Next week’s biggest data release will be the U.S. retail sales on Wednesday, which are estimated to come in at 0.3% in September. The U.S. Beige book is also scheduled for publication on Wednesday. “Retail sales are a key measure of optimism. Any weakness there should help gold . Other key data sets to watch include the NY Empire State manufacturing index out on Tuesday and Thursday’s slate of numbers such as U.S. housing data, industrial production, and the Philly Fed manufacturing index.
OANDA:XAGUSD
by GoldSilverAnalyst
Elliott Wave View: Has Silver Started the Next Leg HigherShort term Elliott Wave view suggests the rally in Silver (XAGUSD) to 17.79 ended wave (1) as a 5 waves impulse. The pullback to 17.24 in the metal ended wave (2) with the internal as a double zigzag. Down from 17.79, wave W ended at 17.27, wave X bounce ended at 17.64, and wave Y ended at 17.24. The metal has broken above wave (1) and resumed higher within wave (3). Up from 17.24, wave ((i)) ended at 17.48, wave ((ii)) pullback ended at 17.31, wave ((iii)) ended at 17.8, and wave ((iv)) ended at 17.80, above from there it ended wave ((v)) of 1 at 18. Expect the metal to pullback in wave 2 of (3) in 3, 7, or 11 swing before the rally resumes. We don’t like selling Silver. As far as pivot at 17.24 low stays intact in the dips, expect the metal to extend higher.
COMEX:SI1!Long
by Elliottwave-Forecast
Analysis of SILVER 27.09.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 17.350 • Take Profit Level: 17.000 (350 pips) If the price rebound from a support level, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 18.000 • Take Profit Level: 18.100 (100 pips) GOLD A possible short position in the breakdown of the level 1495.00 USDCHF A possible long position at the breakout of the level 0.9950 GBPUSD A possible short position in the breakdown of the level 1.2270 USDJPY A possible long position at the breakout of the level 108.00
by PaxForex
XAG.USD. P-Modeling Pt 3. Shadow Mapping Matrix Chaos Welcome to Extreme Long Range Prediction Modeling of XAG.USD I am your hyperspace archaeologist Glitch420. Welcome to the Hyperspace. This hyperspace is underdeveloped and does not contain important components of the protocols. This is a bare bones framework presented. The protocols used here were developed to help navigate quantum hyperspaces across any 2D analog. This is an extreme prediction model of Silver that is very experimental. I do not expect to be right. However, I am posting this public to instill curiosity in hopes you may ponder the unknown with me. As shown in my Bio. I have only one true belief here. Failure is a necessary component of success. Watch me fail with a smile on your face. I bet your already laughing at my chart. :) I laughed with you. Just know that. But how curious are you? Maybe a lot... Maybe not at all... Sure is a colorful cool looking thing. But does it function? Is it valid? Guess, we have to wait and see.. Traditional Technical analysis is old. Very old. It was founded in the early 1930s + and developed from a stem of theories still used today. Although much has improved over the decades in a variety of TA domains. The times are changing and classical analysis is not as powerful as it use to be.. Technology is rapidly evolving into algorithms capable of manipulating markets like never before. In 2019, we must develop the tools to decode the ones that seek to control us. We must raise an army and take back the power that rightfully belongs to the people. There is more powerful way to model 2D analogs then Traditional TA. A more accurate way to predict the future... Metric charting has evolved in advanced statistics and theoretical mathematics.Theory Evolves... There are hidden strings visible, plain as day in the data... Yet 100 years of Traditional TA only skirted the true ecosystem lying in the background. The quantum one. The following chart is a trial of decoding the future, both in FA News and in Trend. Laugh with me. Laugh at me.. I do not care. Just follow along. I will be sure to make you curious. That is all this is for. Technical. The following chart is on a 1 DAY timeframe Valid Shadow Harmonics Quantum Graphing Architecture + Binary Matrix Mapping Shadow Mapping Matrix Chaos using Spirals on a Decoded Binary Ghost Fib Spirals in Predictive Modeling. Start here.. At my first Failure at calling Silver Top into Capitulation .. Then proceed to my next failure... Third Times a charm right? ... Eh.. Not so much.. BUT MUCH CLOSER. Fourth Times a charm? .... I am here to share with you my potential next failure.. or potential legendary trade sequences.. Failure is a necessary component of success.. Please remember that. We are about to pull another 2008. The sequence you see comes from the 2008-2009 fractals sequences. It will NOT follow exactly. However, it will follow very closely.. and or MIRROR to the trend placed at specifically designated vector junctions... Hopefully, that is what I am looking for... How close did I get ? And you all can critique it with me. I expect a lot of laughs.. Either from me.. Or you.. Or both.. :). Surely, my modeling can not be right. How can it be? To predict the future? Nonsense... Time is the executioner here.. Laugh with me into madness. The choice is in our hands... What matters most is that I have your attention... And if i do not yet.. I will soon. because your curiosity will compel you to return. One way or another, I will just continue to consume your time. And if not.. Excellent. You are a hard nut to crack. But crack you will. Curiosity cracks the hardest nuts. And I Glitch420 is the most curious of them all. Thanks for pondering the Unknown with me, Glitch420
OANDA:XAGUSDShort
by Glitch420
4
Silver Fundamental Analysis – September 16th 2019Here are the key factors to keep in mind today for Silver trades: New Zealand Performance of Services Index: The New Zealand Performance of Services Index for August was reported at 54.6. Forex traders can compare this to the New Zealand Performance of Services Index for July which was reported at 54.8. UK Rightmove House Prices: UK Rightmove House Prices for September decreased by 0.2% monthly and increased by 0.2% annualized. Forex traders can compare this to UK Rightmove House Prices for August which decreased by 1.0% monthly and which increased by 1.2% annualized. Chinese Retail Sales: Chinese Retail Sales for August increased by 7.5% annualized. Economists predicted an increase of 7.9% annualized. Forex traders can compare this to Chinese Retail Sales for July which increased by 7.6% annualized. Chinese Industrial Production: Chinese Industrial Production for August increased by 4.4% annualized. Economists predicted an increase of 5.2% annualized. Forex traders can compare this to Chinese Industrial Production for July which increased by 4.8% annualized. Chinese Fixed Assets ex Rural: Chinese Fixed Assets ex Rural for August increased by 5.5% annualized. Economists predicted an increase of 5.7% annualized. Forex traders can compare this to Chinese Fixed Assets ex Rural for July which increased by 5.7% annualized. Chinese Property Investment: Chinese Property Investment for August increased by 10.5% annualized. Forex traders can compare this to Chinese Property Investment for July which increased by 10.6% annualized. Chinese Surveyed Jobless Rate: The Chinese Surveyed Jobless Rate for August was reported at 5.2%. Forex traders can compare this to the Chinese Surveyed Jobless Rate for July which was reported at 5.3%. Final Italian CPI: The Final Italian CPI for August increased by 0.4% monthly and 0.4% annualized. Economists predicted an increase of 0.5% and of 0.5%. Forex traders can compare this to the Italian CPI for July which increased by 0.5% monthly and by 0.5% annualized. The Final Italian Harmonized Italian CPI for August was reported flat at 0.0% monthly and increased by 0.5% annualized. Economists predicted a decrease of 1.7% and an increase of 0.5%. Forex traders can compare this to the Italian Harmonized Italian CPI for July which decreased by 1.8% monthly and which increased by 0.5% annualized. US Empire Manufacturing Index: The US Empire Manufacturing Index for September is predicted at 4.0. Forex traders can compare this to the US Empire Manufacturing Index for August which was reported at 4.8. Should price action for Silver remain inside the or breakout above the 17.400 to 18.150 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 17.800 Take Profit Zone: 19.600 – 20.000 Stop Loss Level: 17.200 Should price action for Silver breakdown below 17.400 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 17.100 Take Profit Zone: 15.900 – 16.500 Stop Loss Level: 17.400
OANDA:XAGUSD
by PaxForex
Thank you for your patience and congratulations for the profitsAsset: XAGUSD ( SILVER ) Sell Stop Entry Price:19.00 Take Profit: 14.00 Stop Loss: 20.00(we will reduce the stop loss points once positions will be more favorable) Capital risk:$2000 Potential Gain:$12000 Risk/Reward: 1:6 We are taking all the profit($2000) out of the table from our silver position however keep in mind we are still heavily bearish for the precious metal sector, and we would open more short position in silver once market will present us another opportunity, Be prepared
FOREXCOM:XAGUSD
by GoldSilverAnalyst
4
Analysis of SILVER 12.09.2019The price above 200 MA, indicating a growing trend. The MACD histogram is below the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 18.300 • Take Profit Level: 18.800 (500 pips) If the price rebound from resistance level, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 17.800 • Take Profit Level: 17.600 (200 pips) USDJPY A possible short position in the breakdown of the level 108.20 GOLD A possible long position at the breakout of the level 1506.00 USDCHF A possible short position in the breakdown of the level 0.9890 GBPUSD A possible long position at the breakout of the level 1.2350
OANDA:XAGUSD
by PaxForex
Elliott Wave View: How High Can Silver Go?Since forming the low on November 2018 at $13.9, Silver has rallied 40% to current price of $19.4. The move higher from $13.9 low took the form of a 5 waves impulsive Elliott Wave structure. On the 1 hour chart below, we can see wave (4) pullback ended at $16.92. The metal has since resumed higher in wave (5) with subdivision as another impulse in lesser degree. Up from $16.92, wave 1 ended at $18.65 and wave 2 ended at $18.02. Near term, while dips stay above $18.02, Silver should continue to see more upside. We don’t like selling Silver and expect buyers to appear to buy the dips in 3, 7, or 11 swing. This view is valid as far as pivot at $18.02 low stays intact in the first degree. Possible target to the upside is 2.618% Fibonacci extension from Nov 2018 low which comes at $20.2 – $20.3 area. This is likely going to end only wave ((3)) in higher degree from Nov 2018 low, so it won’t end the entire rally yet. After it reaches the target of $20.2 – $20.3, Silver has chance to do a larger pullback to around $18 – $19 in wave ((4)) before another leg higher to end 5 waves up from November 2018 low.
FX_IDC:XAGUSDLong
by Elliottwave-Forecast
Elliott Wave View: Silver Remains SupportedShort Term Elliott Wave structure from the chart below suggests the rally in Silver to $17.5 ended wave (3). The metal then pullback in wave (4) to 16.91 with internal structure as a triangle. Triangle is labelled as ABCDE with subdivision of each leg in 3 waves. Triangle is therefore a 3-3-3-3-3 structure. In this case, wave A ended at 16.5, wave B ended at 17.39, wave C ended at 16.83, wave D ended at 17.19, and wave E ended at 16.91. We can also see each leg in the triangle subdivides in another 3 waves. The metal has resumed higher in wave (5). Up from 16.91, wave 1 ended at 17.77 and wave 2 pullback ended at 17.49. Wave 1 subdivided as a 5 waves impulse structure. Wave ((i)) ended at 17.14 and pullback in wave ((ii)) ended at 16.96. Up from there, wave ((iii)) ended at 17.74, wave ((iv)) ended at 17.55, and wave ((v)) of 1 ended at 17.77. Silver still needs to break above 17.77 to confirm the next leg higher has started and avoid a double correction. We don’t like selling the metal. As far as pivot at 16.91 stays intact, expect Silver to extend higher.
FX_IDC:XAGUSDLong
by Elliottwave-Forecast
Analysis of SILVER 27.08.2019The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 17.800 • Take Profit Level: 18.150 (350 pips) If the price rebound from resistance level, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 17.500 • Take Profit Level: 17.400 (100 pips) USDJPY A possible short position in the breakdown of the level 105.55 GOLD A possible long position at the breakout of the level 1536.00 USDCHF A possible long position at the breakout of the level 0.9815 GBPUSD A possible long position at the breakout of the level 1.2255
COMEX:SI1!
by PaxForex